PANews reported on February 6 that according to The Block, MicroStrategy (now "Strategy") announced its fourth-quarter financial results, and its Bitcoin holdings nearly doubled. Operating expenses for the quarter reached $1.103 billion, a year-on-year increase of 693%. The company reported a net loss of $670.8 million and total revenue of $120.7 million, about $3 million lower than the general expectation and 3% lower than last year. As of December 31, 2024, the company had cash and cash equivalents of $38.1 million, down from $46.8 million in the same period last year.
Strategy currently holds 471,107 Bitcoins with a market value of approximately $44 billion. The fourth quarter saw the largest increase in the company’s quarterly Bitcoin holdings, ultimately acquiring 218,887 BTC for $20.5 billion. The company reported a 74.3% year-to-date return on BTC.
